(Houston) – Tallgrass Energy GP, LP (“TEGP”) today announced that Tallgrass Equity, LLC, a subsidiary of TEGP, has acquired a 25.01 percent membership interest in Rockies Express Pipeline LLC and 5,619,218 TEP common units from Tallgrass Development, LP (“TD”) for equity interests in TEGP and Tallgrass Equity valued at approximately $644.8 million. A team from Akin Gump advised the conflicts committee of the board of directors of Tallgrass Energy GP in the transaction.